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S-CAP Act of 2025

5/2/2025, 8:29 PM

Summary of Bill HR 2777

The bill "S-CAP Act of 2025" was introduced in the 119th Congress on April 9, 2025. It is designated as H.R. 2777. The bill focuses on student loan forgiveness and aims to provide relief to borrowers burdened by student debt. It includes provisions for restructuring repayment plans, interest rate adjustments, and potential debt cancellation criteria. The bill also addresses issues related to loan servicing practices and borrower protections. More detailed information can be found in the bill's official PDF located at https://www.congress.gov/119/bills/hr2777/BILLS-119hr2777ih.pdf.

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Current Status of Bill HR 2777

Bill HR 2777 is currently in the status of Bill Introduced since April 9, 2025. Bill HR 2777 was introduced during Congress 119 and was introduced to the House on April 9, 2025.  Bill HR 2777's most recent activity was Referred to the House Committee on Ways and Means. as of April 9, 2025

Bipartisan Support of Bill HR 2777

Total Number of Sponsors
3
Democrat Sponsors
0
Republican Sponsors
3
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2777

Primary Policy Focus

Alternate Title(s) of Bill HR 2777

To amend the Internal Revenue Code of 1986 to increase the number of eligible shareholders of an S corporation.
To amend the Internal Revenue Code of 1986 to increase the number of eligible shareholders of an S corporation.

Comments

Sponsors and Cosponsors of HR 2777

J. French Hill
J. French Hill
ArkansasRepublican
Mike Carey
Mike Carey
OhioRepublican

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